Federal Deficit

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Trump: Making the Trade Deficit Great Again Report

Trump: Making the Trade Deficit Great Again

President Trump’s combination of tax cuts, hawkish monetary policy, and financial deregulation will cause the U.S. dollar and trade deficit to rise.

Brendan Duke

Budget Cuts Set Funding Path to Historic Lows Report
The U.S. Supreme Court Building is seen in Washington, D.C. (AP/Susan Walsh)

Budget Cuts Set Funding Path to Historic Lows

Spending on a raft of key federal programs from airport security to health care research under the “non-defense discretionary” budget banner will dip to all-time lows under the Budget Control Act.

Michael Linden

Reforming Our Tax System, Reducing Our Deficit Report
In order to secure our fiscal future and achieve meaningful deficit reduction over the next 10 years, we need a plan that combines progressive, revenue-enhancing tax reform with pragmatic spending cuts that do not undermine the middle class, the poor, or seniors. (AP/J. Scott Applewhite)

Reforming Our Tax System, Reducing Our Deficit

In order to secure our fiscal future and achieve meaningful deficit reduction over the next 10 years, we need a plan that combines progressive, revenue-enhancing tax reform with pragmatic spending cuts that do not undermine the middle class, the poor, or seniors.

Roger Altman, William Daley, John Podesta, 8 More Robert Rubin, Leslie Samuels, Lawrence H. Summers, Neera Tanden, Antonio Weiss, Michael Ettlinger, Seth Hanlon, Michael Linden